Accelerator News | Two start-up studios are launching in different parts of the country
The one in Boston is focused on biotech, the one is Phoenix is targeting climate, medical, artificial intelligence (AI), and advanced manufacturing.
From Boston, MA:
LabCentral, a Massachusetts-based network of co-working labs designed to accelerate high-potential biotech start-ups, has unveiled a critical new program, the Funding Innovation Studio. The kickoff event, the Funding Innovation Studio Launch Party & Sprint Showcase, will be held on October 30.
According to the announcement, the Funding Innovation Studio’s mission is to increase funding access, opportunity, and inclusion for women and Black, Indigenous, and people of color (BIPOC) founders in life sciences. Spearheaded by Beth McKeon, Senior Director of the Funding Innovation Studio, the program is a national community including venture investors, academics, and entrepreneurs who design and run a series of experiments to identify strategies to solve persistent systemic barriers and bias in the fundraising and capital-deployment process.
“LabCentral continues to develop new programs to address the conditions that negatively affect representation in the life sciences industry,” said Johannes Fruehauf, Chief Executive Officer (CEO) and Co-Founder and President of LabCentral. “With the launch of the Funding Innovation Studio, we’re convening innovators from across the investing and entrepreneurial communities to examine and evolve the processes underpinning the investments in life sciences companies.”
From Phoenix, AZ:
Idealab Arizona, a partner of Idealab Studio, a leading technology incubator, has announced the launch of a start-up studio that co-founds Arizona State University (ASU)-affiliated tech start-ups to increase commercialized intellectual property, start-ups, and jobs in Arizona.
According to the announcement, Idealab Arizona will focus on startups in climate, medical, artificial intelligence (AI), and advanced manufacturing to drive sustainable solutions for a healthier planet and humankind. Allen Morgan, who has more than 40 years of investing in successful Silicon Valley start-ups and is a member of the Idealab Studio board of directors, will serve as Chairman and CEO of the company. Bill Gross, entrepreneur and Founder and CEO of Idealab Studio, will join the board.
“Idealab Arizona will leverage our unique approach to generating durable startups and resilient founders and we’re excited to launch and begin collaborating with entrepreneurs who will generate meaningful change,” said Morgan. “With that as our mission, ASU is the best university in the world with which we could hope to partner.”
ASU and Gross have previously collaborated in ventures, including CarbonCapture, an Idealab Studio-founded company working with ASU to build a regional direct air capture (DAC) hub with funding from the U.S. Department of Energy. In June, CarbonCapture secured a lease in Mesa, AZ for the world’s first DAC manufacturing facility.
From Massachusetts and Texas:
GreentownLabs, a 501(c)(3) nonprofit on a mission to accelerate climatetech innovation and commercialization by empowering entrepreneurs and enabling collaboration, has incubators in Somerville, MA and Houston, TX and runs several accelerator programs each year.
Greentown is home to more than 200 start-ups and has supported more than 500 since its founding in 2011. These start-ups are innovating to decarbonize the key greenhouse-gas-emitting sectors — agriculture, buildings, electricity, manufacturing, and transportation — and to build resilient, adaptive communities.
Of the 71 new members, 41 are based at Greentown Boston and 30 at Greentown Houston. The top sectors among these members are manufacturing (25 start-ups) and resiliency and adaptation (20 start-ups), and 22 of the start-ups gained membership to Greentown through its Greentown Go, ACCEL, and Carbon to Value Initiative accelerators. Greentown has received more than 470 applications for its incubators and accelerator programs this year to date.
Like what you've read?
Forward to a friend!